On August 7, OCIE staff released a risk alert containing the staff's observations from its Cybersecurity 2 Initiative, an examination of 75 investment advisers, broker dealers, and investment companies to assess industry practices and legal and compliance issues related to cybersecurity preparedness. While the staff noted a general increase in preparedness among the firms it examined, it also observed a number of issues that firms should consider in order to improve their cybersecurity policies and procedures.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
